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Cost Interest Rate Makes

Cost Interest Rate Makes : Mortgage interest rates have come a long way in the last 30 years. The rate you secure directly impacts your monthly payment on your home and the amount of house that you can afford if you plan to stay within a certain budget. Mortgage interest rates are at their lowest […]

Mortgage Rates Reverse Course in 2017

The beginning of the year housing experts all agreed that 2017 would be the year rates would begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end […]

First Step to Buying a Home is a Pre-Approval

In most areas of Northern VA, the number of buyers searching for their homes greatly outnumbers the amount of homes for sale. This has led to a competitive real estate market where buyers often need to stand out. Prove you are serious the first step to buying a home is a pre approval before starting […]

2 Myths About Mortgages Holding Back Home Buyers

Knowledge is power, but all too often it may be backed by “alternative facts” which is the case of the 2 myths about mortgages holding back Home buyers.  Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage […]

Mortgage Application: Why So Much Paperwork?

Home buyers often ask when completing a mortgage application why so much paperwork is required for a mortgage. It seems that the bank needs to know everything and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a […]